Canola fell to 645.74 CAD/T on December 2, 2025, down 0.22% from the previous day. Over the past month, Canola's price has risen 1.87%, and is up 9.86% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Canola - values, historical data, forecasts and news - updated on December of 2025.

Graph and download economic data for Producer Price Index by Commodity: Farm Products: Canola (WPU01830171) from Dec 2011 to Sep 2025 about oil, agriculture, commodities, PPI, inflation, price index, indexes, price, and USA.

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Canola Oil Market Size 2025-2029

The canola oil market size is forecast to increase by USD 6.91 billion, at a CAGR of 3.3% between 2024 and 2029.

The market is driven by the increasing awareness of the health benefits associated with this versatile oil. Rich in monounsaturated and polyunsaturated fats, canola oil is a preferred choice for health-conscious consumers, leading to its growing demand in the food industry. Furthermore, the utilization of canola oil extends beyond the culinary sphere, with its application in plasticizers and adhesives industries. However, the market faces challenges from the rising popularity of substitute oils, such as olive oil and coconut oil, which are also promoted for their health benefits.
Companies in the market must navigate this competitive landscape by focusing on product innovation, cost competitiveness, and effective marketing strategies to maintain their market share. Additionally, ensuring sustainable sourcing and production practices can help bolster brand reputation and consumer trust, providing a strategic advantage in the market.

What will be the Size of the Canola Oil Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The market continues to evolve, shaped by dynamic market dynamics and various applications across multiple sectors. Canola oil production is a significant contributor to the market, with ongoing efforts in crop breeding and yield optimization driving growth. Simultaneously, biodiesel production from canola oil is gaining traction as a renewable energy source, adding to the market's complexity. The food service industry and retail distribution sectors are major consumers of canola oil, with competition from various edible oils and changing consumer preferences influencing market trends. The competition landscape is diverse, with players focusing on product differentiation through omega-3 fatty acid content, non-GMO and organic offerings, and sustainable agriculture practices.

Oilseed byproducts, such as canola meal, have additional value in animal feed and fertilizer industries, further impacting market dynamics. New technologies, including improved crushing technology and refining methods, are shaping the market, while sustainability concerns and environmental impact assessments influence pricing trends. The fatty acid profile and health benefits of canola oil, including heart health and disease resistance, continue to drive demand. Culinary applications, from salad dressings to frying oil, expand the market's reach. Sustainable agriculture practices, pest control methods, and packaging formats are essential considerations for market players, ensuring a continuous focus on innovation and adaptation. The global production of canola oil is subject to market volatility and supply chain management challenges, with regional production patterns and transportation logistics influencing pricing and availability.

As consumer dietary habits shift, market dynamics will continue to evolve, requiring agility and strategic planning from industry participants.

How is this Canola Oil Industry segmented?

The canola oil industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Conventional
  Organic


Application

  Cooking
  Industrial


Product Type

  Processed
  Virgin
  Cold-pressed
  Extracted


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Russia
    UK


  APAC

    China
    India
    Japan
    South Korea


  Rest of World (ROW)

By Type Insights

The conventional segment is estimated to witness significant growth during the forecast period.

Canola oil, derived from genetically modified rapeseed, undergoes solvent extraction using hexane for oil separation. This process contrasts with pressing techniques used for other oils. The extracted oil then undergoes refining, bleaching, and deodorization (RBD) for commercial production. The affordability and widespread availability of conventional canola oil contribute to its popularity among consumers, despite its inability to be certified organic. Crop breeding and yield optimization have significantly increased canola oil production, making it a leading vegetable oil in the global market. The oil's health benefits, including heart health, disease resistance, and a favorable fatty acid profile, contribute to its widespread use in various industries.

Food service, retail distribution, and the production of biodiesel are significant sectors for canola oil consumption. Environmental concerns, such as carbon footprint and land use, have led to the development of new te

Rapeseed fell to 479.03 EUR/T on December 1, 2025, down 0.87% from the previous day. Over the past month, Rapeseed's price has fallen 0.10%, and is down 6.68% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. This dataset includes a chart with historical data for Rapeseed Oil.

Rapeseed oil prices in , October, 2025 For that commodity indicator, we provide data from February 2002 to October 2025. The average value during that period was 988.44 USD per metric ton with a minimum of 410.77 USD per metric ton in April 2002 and a maximum of 2266.17 USD per metric ton in April 2022. | TheGlobalEconomy.com

View monthly updates and historical trends for US Canola Price Received. from United States. Source: US Department of Agriculture. Track economic data wit…

The size of the Canola Oil Market was valued at USD 27.78 Billion in 2023 and is projected to reach USD 37.80 Billion by 2032, with an expected CAGR of 4.5% during the forecast period. Recent developments include: March 2023: A commercial partnership between Corteva Inc. and Chevron U.S.A. Inc., a division of Chevron Corporation, aims to create specialized winter canola hybrids that yield plant-based oil with a lower carbon profile. The objective is to boost the supply of vegetable oil feedstocks, mainly for the expanding domestic market for renewable fuels. To provide farmers with a sustainable crop rotation and a new source of income, the firms intend to introduce the winter canola crop to the southern United States., August 2021: Control Chemical Corp., a producer of environmentally safe drilling fluids and lubricants based on vegetable oils, will be acquired by Richardson International Ltd., a large canola oil producer based in Winnipeg, Canada. Control Chemical Corp. receives crude canola oil from Richardson International Ltd.; this acquisition will open doors and assist Control Chemical Corp. in expanding its market reach for downhole and torque-reducing lubricants that are safe for the environment.. Key drivers for this market are: Increasing demand for clean label products 24, Strong growth of bakery & confectionaery products 24; Improvement of Product Appeal 25; Increasing demand for organic food & beverages 25. Potential restraints include: High cost of natural food color ingredients 26, Synthetic color, an economical solution 27. Notable trends are: Growing number of disease is driving the market growth.

In September 2022, the crude rapeseed oil price stood at $2,236 per ton (FOB, Canada), with an increase of 36% against the previous month.

According to cognitive market research – the Canola Oil Market size in 2023 was XX Million. Canola Oil Market compound annual growth rate (CAGR) was XX% from 2024 to 2031

  Based on application, the market is divided into food processing, foodservice, households, and others. In 2023, the food processing industry commanded the largest share of the market thanks to its biggest revenue generation food processing held the largest share, accounting for XX% share of the global revenue in 2023
  Based on nature, the market is segmented into organic and conventional. With the largest share, the conventional segment is leading the global market.
  Asia Pacific is a major producer and consumer of canola oil; in 2022, the market was estimated to be worth USD XX billion
  North America is also witnessing substantial growth in this market, which is expected to proliferate in the near term

Market Dynamics of the global canola oil

Key drivers of the canola oil market

A Heavy focus on canola oil production will aid in increasing profit: One of the most popular and readily available substitutes for harmful oils is canola oil, which has been produced extensively for almost 3,000 years in India and since the 13th century in Europe. Diet-conscious consumers have made it more and more popular to use these kinds of oils in a wide range of culinary preparations Because canola oil has less saturated fat and more omega-3 and omega-6 fatty acids, which combine to make healthy cooking oils, it is better for intake over time. Consequently, this is increasing demand in the market. Canola oil contains antioxidants like vitamin E that slow the growth and spread of cancer cells, helping to prevent the disease. It helps to maintain a regular pace of metabolism and raises the body's energy levels by lowering cholesterol. In Canada, almost 20 million acres of cropland are harvested annually, mostly in the western provinces of Ontario, Quebec, Alberta, and other areas, to produce canola oil. Furthermore, a surge in the market's expansion is anticipated because of the growing need for high-nutritional fats, which encourages production. Source-(https://www.canolacouncil.org/about-canola/industry/#:~:text=Canola%20production&text=Every%20year%2C%20approximately%2020%20million,British%20Columbia%2C%20Ontario%20and%20Quebec.)

The Fraunhofer Center for Chemical-Biotechnological Processes (CBP), located in Germany, opened a prototype facility in May 2023 intending to manufacture rapeseed oil. High-grade canola oil and other byproducts like kernels and rapeseed hulls would be produced by the plant. Source-https://www.igb.fraunhofer.de/en/press-media/press-releases.html

Well-being and health awareness influencing consumer demand: One of the most popular and third most popular cooking oils in the world is canola oil. It is well known for having a high level of unsaturated fatty acids, especially polyunsaturated fatty acids, which contributes significantly to its nutritional value. Furthermore, an increasing body of research indicates that eating a diet high in unsaturated fatty acids has several positive health effects. In addition to these unsaturated fats, rapeseed oil contains nine other functional ingredients that have been shown to have various health benefits, including vitamin E, flavonoids, phospholipids, sterols, and others. Therefore, to increase canola oil's market growth, several restaurateurs are also attempting to incorporate it into their cooking methods. One of the main drivers of the market expansion is the general public's growing awareness of health and wellbeing. Furthermore, the growing inclinations of people towards food items that correspond with their nutritional objectives. Because of its well-known low saturated fat level, canola oil is a heart-healthy choice. It has a significant amount of omega-3 fatty acids as well as other mono- and polyunsaturated fats. Furthermore, canola oil's neutral flavor and high smoking point make it a versatile ingredient in the kitchen. It can be used to cook food in a variety of ways, such as baking, sautéing, and frying, without destroying or adding undesirable flavors. Merely 7% of canola oil is made up of saturated fatty acids, which is around half that of soybean, corn, and olive oils and one-quarter that of cotton...

In Q3 2025, North America, the Rapeseed Oil Price Index rose by 9.57% quarter-over-quarter, reflecting tightened supply. Check detailed insights for Europe and APAC.

View monthly updates and historical trends for Rapeseed Oil Price. Source: International Monetary Fund. Track economic data with YCharts analytics.

Rapeseed Oil Price in Canada - 2023. Find the latest marketing data on the IndexBox platform.

Canola Oil Market Outlook

According to our latest research, the global canola oil market size reached USD 32.1 billion in 2024, reflecting robust demand across food processing, industrial, and biodiesel applications. The market is exhibiting a steady growth trajectory, with a CAGR of 4.7% projected from 2025 to 2033. By the end of 2033, the canola oil market is forecasted to attain a value of USD 48.2 billion. This growth is primarily driven by rising consumer awareness about health benefits associated with canola oil, increased utilization in food processing industries, and expanding biofuel production initiatives globally.

One of the primary growth factors for the canola oil market is the increasing consumer inclination towards healthier edible oils. Canola oil, known for its low saturated fat content and high levels of omega-3 fatty acids, is being favored over traditional oils such as soybean and sunflower oil. This health-centric shift is particularly pronounced in developed markets, where consumers are more informed and conscious about their dietary choices. Additionally, the growing prevalence of lifestyle diseases, such as cardiovascular disorders and obesity, is prompting both consumers and food manufacturers to opt for healthier alternatives, thereby propelling the demand for canola oil. Food manufacturers are also leveraging canola oil's neutral flavor and high smoke point, making it a preferred ingredient in a wide range of processed foods, snacks, and bakery items.

Another significant driver is the expanding application of canola oil in the industrial and biodiesel sectors. Governments across North America and Europe are increasingly promoting the use of biofuels to reduce carbon emissions and dependence on fossil fuels. Canola oil, with its favorable fatty acid composition and high yield per hectare, has become a popular feedstock for biodiesel production. The implementation of stringent environmental regulations and incentives for biofuel adoption is further accelerating the growth of the industrial segment within the canola oil market. Moreover, the rising prices of crude oil and the need for sustainable energy solutions are compelling industries to seek alternative energy sources, with canola-based biodiesel emerging as a viable and eco-friendly option.

The canola oil market is also benefiting from advancements in agricultural practices and biotechnology. The development of genetically modified canola varieties with enhanced yield, pest resistance, and oil quality is enabling farmers to achieve higher productivity and profitability. These innovations are particularly crucial in meeting the surging global demand for canola oil, especially in regions where arable land is limited. Furthermore, the adoption of precision agriculture techniques and sustainable farming practices is ensuring a consistent supply of high-quality canola seeds, which, in turn, supports the steady growth of the canola oil market. The integration of technology in cultivation, harvesting, and processing is reducing production costs and improving the overall value chain efficiency.

In addition to canola oil, another vegetable oil gaining attention in the market is Corn Oil. Known for its high smoke point and neutral taste, corn oil is often used in cooking and frying, making it a staple in many kitchens. Its composition, rich in polyunsaturated fats, makes it a heart-healthy option, appealing to health-conscious consumers. The versatility of corn oil extends beyond culinary uses; it is also utilized in the production of biodiesel, similar to canola oil. This dual-purpose application is driving demand in both the food and industrial sectors. As consumers become more aware of the health benefits associated with different types of oils, corn oil is positioned to capture a significant share of the market alongside canola oil.

Regionally, the Asia Pacific market is witnessing the fastest growth, driven by rising disposable incomes, urbanization, and changing dietary patterns. Countries such as China and India are experiencing a surge in demand for edible oils, with canola oil gaining traction due to its health benefits and affordability. In North America and Europe, the market is characterized by high per capita consumption, technological advancements in oil extraction, and a strong focus on sustainability. Latin America and the Middle East & Afr

In 2024, the Canadian crude rapeseed oil market decreased by -28.7% to $2.4B, falling for the second consecutive year after four years of growth. Over the period under review, the total consumption indicated a moderate increase from 2012 to 2024: its value increased at an average annual rate of +2.1% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period.

Discover the booming canola oil market! This comprehensive analysis reveals a $25.69 billion market in 2025, projected for strong growth through 2033, driven by food, biofuel, and oleo chemical demands. Explore key players, regional trends, and future market potential.

Discover the booming food grade canola oil market. Explore key trends, growth drivers, and leading companies shaping this $15 billion industry. Learn about market size, CAGR, and regional variations projected through 2033.

In 2024, the Canadian refined rapeseed oil market decreased by -12.7% to $471M, falling for the second consecutive year after six years of growth. In general, the total consumption indicated slight growth from 2012 to 2024: its value increased at an average annual rate of +1.6% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption decreased by -19.7% against 2022 indices.

The global canola seed market is experiencing robust growth, driven by increasing demand for vegetable oils and biofuels. The market size in 2025 is estimated at $15 billion, exhibiting a Compound Annual Growth Rate (CAGR) of 5% from 2025 to 2033. This growth is fueled by several factors, including rising global populations necessitating increased food production, the expanding use of canola oil in food processing and consumer products due to its health benefits (lower saturated fat content), and the increasing adoption of canola as a sustainable biofuel source in response to environmental concerns. The Non-GMO segment is expected to hold a significant share due to growing consumer preference for natural and organic products. The modern trade channel dominates current sales, but e-retailers are experiencing rapid growth, indicating a shift towards online purchasing. Key players like Monsanto, DuPont, Syngenta, Bayer, and Dow are investing heavily in research and development to improve crop yields and develop genetically modified varieties with enhanced traits. However, the market faces constraints such as volatile commodity prices, climate change impacts on crop yields, and potential regulatory hurdles associated with GMO crops. The regional distribution of the canola seed market reflects global agricultural patterns. North America and Europe currently hold substantial shares, but the Asia-Pacific region, particularly China and India, is projected to witness significant growth due to expanding agricultural activities and rising consumption of vegetable oils. Strategic partnerships, mergers and acquisitions within the industry are anticipated to reshape the competitive landscape, furthering innovation and driving market consolidation. Furthermore, increasing focus on sustainable agricultural practices and traceability within the supply chain will also influence market dynamics in the coming years. The forecast period (2025-2033) presents ample opportunities for companies to capitalize on emerging trends and technological advancements within the canola seed sector.

The global canola oil market is experiencing robust growth, projected to reach a significant valuation by 2033. This expansion is fueled by an increasing demand for healthier cooking oils, driven by growing consumer awareness of canola oil's nutritional benefits, including its high content of monounsaturated fats and omega-3 fatty acids. The food industry remains the primary application segment, with canola oil being a staple in various food processing applications, from salad dressings and margarines to baked goods and fried foods. Furthermore, the burgeoning biofuels sector is a significant growth catalyst, as canola oil serves as a crucial feedstock for biodiesel production, particularly in regions with strong renewable energy mandates. The oleochemical industry also contributes to this demand, utilizing canola oil in the production of soaps, lubricants, and other industrial products. Emerging economies, especially in the Asia Pacific region, are anticipated to witness the fastest growth due to rising disposable incomes, urbanization, and a shift towards processed foods and Western dietary habits. Key trends shaping the canola oil market include a growing preference for cold-pressed canola oil due to its superior nutritional profile and flavor, although extracted canola oil continues to dominate in terms of volume due to its cost-effectiveness and widespread availability. Geographically, North America and Europe have historically been major consumers and producers, benefiting from established agricultural infrastructure and strong demand from both food and industrial sectors. However, the Asia Pacific region, led by China and India, is rapidly emerging as a dominant force, driven by its massive population and increasing adoption of canola oil across various applications. While the market benefits from strong drivers, challenges such as price volatility of raw materials (rapeseed), fluctuating crop yields due to weather patterns, and competition from other vegetable oils could pose restraints. Nevertheless, ongoing technological advancements in extraction and processing, coupled with a sustained focus on sustainability and R&D, are expected to propel the canola oil market forward, creating substantial opportunities for key players like Louis Dreyfus Company, ADM, and Cargill.

Discover the latest insights on the global canola oil market, projected to be worth $26.35 billion in 2025. Explore market trends, major players like ADM and Cargill, and a slightly declining CAGR. Learn about growth opportunities and challenges in this mature yet resilient sector.